Rental Bond Loans VIC
- Borrow from $2,100 to $25,000
- Most customers get a same day outcome2 during normal business hours once all information has been provided
- Flexible and manageable repayments
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You can now check your eligibility,
with no impact on your Credit Score!
Sometimes we offer customers incentives encouraging an honest review of our services, be it negative or positive based on their unique experience. It is possible that some reviews were written by customers who received a reward regardless of their review being positive or negative. Last updated: 22/11/23
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What is a rental bond loan?
A rental bond is a form of security deposit paid at the start of a tenancy agreement by renters to either the property manager or the landlord. These bonds can be worth thousands of dollars for most available rentals and can leave a serious dent in your bank account if you pay for them upfront. That's where a rental bond loan comes in.
A rental bond loan with Jacaranda Finance can allow you to pay that deposit quickly without dipping into your hard-earned savings. Instead, you can repay that loan over manageable instalments up to 48 months.
Why get a rental bond loan with Jacaranda?
Jacaranda Finance makes applying for a personal loan to cover rental bonds and moving expenses simple with our fast, 100% online application. Our loans range from $2,100 all the way up to $25,000.
See below for details on how applying for our rental bond loans is quick and easy, or apply here if you're ready to get started.
VIC Rental Bond Loan Details
Loan Amounts: | $2,100 to $25,000 |
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Loan Terms: | 9 months to 48 months |
Loan Type: | Secured and unsecured |
Rate type: | Fixed |
Repayment Options: | Weekly, fortnightly or monthly |
No Early Payout or Exit Fees: | Customers who pay their loan out early do not incur any additional fees or charges for doing so. Fixed fees that have already been incurred are due and payable. |
This is not an offer for credit. The amount you can borrow as well as the offer you receive may vary once you complete an application and all relevant details are captured and verified. Fees, credit criteria and terms and conditions apply. Example tables and calculators are illustrative only and are not intended to be your sole source of information when making a financial decision. Consider whether to get advice from a licensed financial adviser.
How does the application process work?
1. Submit your application
This is done 100% online and it’s fast and simple. If you’re fast with your fingers it could take as little as 5-12 minutes1 to complete, but it could take longer depending on a number of factors such as how fast you are at typing or if you have all the required information on hand.
Alternatively, if you like to take things slow, fill in the application at your own pace from anywhere in Australia on any device as long as you have the internet.
2. We’ll do a credit assessment
For most customers, we verify the information you provide us and get back to you with an outcome on your application on the same day2 during normal business hours. If you pass the credit assessment and we can assist you, we’ll send a loan offer for you to review.
We do not guarantee same-day outcomes for all customers: customers that apply outside of business hours or customers that are required to provide additional information may experience a longer timeframe.
3. Review your loan offer
Once you have been approved and have accepted our offer by signing your digital contract, we automatically attempt to release the money to your bank account. Most customers have a New Payments Platform (NPP) bank account and receive the money in their bank account within 60 seconds.3
You must have an NPP-enabled bank account. For customers without an NPP-enabled bank account (or the instant payment fails), the money will be available overnight on weekdays and overnight the following business day if approved on a weekend or public holiday.

Average rent in Victoria
Known for its bustling lifestyle and delicious coffee, it's no wonder many people choose to settle down in Victoria's capital Melbourne. According to the Domain Rental Report for September 2022, renting in Melbourne is surprisingly not too expensive:
- The median house rent is $470 per week (a 9.3% annual increase)
- The median unit rent is $425 per week (a 14.9% annual increase)
Though Melbourne is still the most affordable capital city to rent a house with the value gap widening from the other capital cities, rent is still quite expensive, making rental bonds quite expensive too.
How much is a rental bond in Victoria?
In most cases, a rental bond in Victoria cannot be more than one month's rent. In other cases, a rental provider can ask for a higher bond amount when either the weekly rent for the property is more than $900 or the Victorian Civil and Administrative Tribunal (VCAT) sets a higher bond. The latter could be pursued due to the character of the property or the quality of fittings and furniture.
To give an idea of how much this could cost, we'll use the median house rent for Melbourne of $470 mentioned above and calculate the bond. One month's rent would be $1,880: some property managers or landlords also ask for two weeks' rent in advance for extra security on top of the bond.
This would amount to $2,820 in total - quite a hefty lump sum even when splitting between two or more tenants.
To alleviate some of the pressures of moving, consider applying for a rental bond loan with Jacaranda Finance. Our loans range from $2,100 all the way up to $25,000, which could be more than enough for you to pay your bond, moving costs and anything in between to get settled.

Rental bonds in VIC: What you need to know
Are you a renter in Victoria and unsure about how the bond process works? We've compiled some key pieces of information that may answer your questions.
Refer to the resources tab at the end for official sources of information when it comes to paying a rental bond in Victoria.
In Victoria, only the rental provider, property manager or landlord can lodge a bond on behalf of the tenant. A tenant is required to send the bond to the appropriate party, who will then lodge the bond through the Residential Tenancies Bond Authority (RTBA). The tenants will then be notified of the transaction.
The bond will be held at the RTBA for the entirety of the rental agreement. When the tenancy has ended, the bond will be transferred back to the tenants, unless for any reason the bond is claimed by the rental provider.
Rental bonds are refunded to the tenants unless the rental provider makes a claim for compensation. These reasons include:
- If the renter has damaged the property
- If the renter owes the rental provider for rent or charges
- If the renter has not left the property reasonably clean
- If the renter made certain changes to the property without asking.
Rental providers cannot claim bonds for fair wear and tear, and can only start the claim once everyone has agreed on how the bond should be divided. They must start claims within 10 business days of the rental agreement ending.
If a landlord and renter cannot agree on how to split the bond, either the renter or rental provider can apply to VCAT for a hearing. VCAT will hear the case and make a decision on how to divide the bond.
Rental providers may also apply to VCAT to claim compensation that is more than the bond amount. A fee will apply for this kind of application.
A rental provider, property manager or agent will do a final inspection at the end of the rental agreement. The condition report should be used to compare any changes to the property during the agreement.
If everything is in order, the bond claim can be started. Bond claims can be started by either the rental provider or the renter. Usually, the rental provider or agent starts the claim. The bond will usually be paid out within one business day when the rental provider uses RTBA Online.
The go-to governing bodies for renting in Australia are Consumer Affairs Victoria and Residential Tenancies Bond Authority.
Tenants Victoria is a union for Victorian tenants and a resourceful website with information about housing, rental laws and tenancies in general.
Personal Loans Online Up To $25,000
Money in your bank account and ready to use in 60-seconds3 once approved.
Most customers have a New Payments Platform (NPP) bank account and receive the money in their bank account within 60 seconds. For other customers, the money will be available overnight on weekdays and overnight the following business day if approved on a weekend or public holiday.

Am I eligible for a rental bond loan?
The basic eligibility criteria you must meet before submitting an application:- Be at least 19 years of age.
- Be employed on a permanent or casual basis.
- Have a consistent income going into your own bank account for the last 90 days.
- Be in control of your finances and be handling existing financial commitments comfortably.
- Be an Australian citizen or permanent resident with a fixed address.
- Have an active email address, phone number, and online banking account in your name that belongs to you.
- You are currently or recently bankrupt (you must be three years discharged and in control of your finances)
- You are not comfortably repaying your existing financial obligations


Why you'll love dealing with Jacaranda
At Jacaranda, we know that sometimes life can throw the unexpected at you. That's why we're on a mission to assist hard-working Australians with fast, reliable and responsible access to finance for life's expenses when you get caught short. We're 100% online, Australian-owned and operated, and we make applying for finance simple and fast.
Here are some other reasons our customers love us:
- We've been providing finance to hardworking Australians for nearly 10 years. We've already helped over 50,000 customers and we have thousands of positive reviews.
- Get started with an application and be done in as little as 5-12 minutes1 or once you've started an application come back and pick up where you left off in your own time. The application time varies per customer and it might take you longer.
- Our smart technology allows us to get back to you with a fast outcome. Most applicants get a same-day outcome once the application is completed2 during normal business hours.
- If you accept our loan offer by signing your digital contract the funds are usually in your bank account and ready to use within 60-seconds3 if you have a New Payments Platform (NPP) enabled bank account. If you don't, your funds are usually available overnight.
- Our friendly and respectful Australian-based customer service team are here to help you. Existing customers can log into the self-service customer portal, 24/7, 365 days per year.
- Anyone unsatisfied with their loan for any reason, and who still has the funds, can return the money within a 48-hour cooling-off period and cancel their loan. Simply contact our customer service team.
Don't just take our word for it
We strive to offer superior customer service - our Australian-based teams are friendly, personable and helpful and most of the time the first person you deal with can assist with your query. We're open on Saturdays too!
Don't believe us? Check out what scores of happy previous Jacaranda customers have had to say below!

OVER 5,000 REVIEWS
Customer Testimonials On Trusted Platforms
Sometimes we offer customers incentives encouraging an honest review of our services, be it negative or positive based on their unique experience. It is possible that some reviews were written by customers who received a reward regardless of their review being positive or negative. Last updated: 22/11/23
VIC rental bond loan FAQs
Need more information? Here are the answers to some of our most frequently asked questions about rental bond loans in Victoria.
Jacaranda offers three loan products with varying loan amounts that you could borrow:
- Jacaranda Express Personal Loan: $5,000 to $25,000
- Jacaranda Cash Boost Loan: $2,100 to $4,600
- Jacaranda Car Loan: $10,000 to $25,000
For detailed information about who our products are designed for, please review our Target Market Determinations.
Use our loan repayment estimate calculator to get a guide on what your repayments could be. To get an idea of what rates, fees and charges are associated with our loan products, visit our rates and fees page.
As Jacaranda is a 100% online lender, you can apply for a rental bond loan from any state/territory across Australia:
Our loan application process has been designed to be as simple and quick as possible, as we know how important it is to receive your funds in a timely manner. How quickly you can apply for a personal loan and receive your funds will depend on your situation.
Applying for a loan with Jacaranda Finance takes most people 5-12 minutes1, but it could take longer depending on a number of factors such as but not limited to how fast you are at typing or if you have all the required information on hand.
After applying, most customers get an outcome on their loan application on the same day during normal business hours once we have received all of the supporting information we require. We do not guarantee same-day outcomes for all customers.2
Once an applicant has been approved and they have signed a contract, we automatically attempt to release the money to the applicant's bank account. Most customers have a New Payments Platform (NPP) bank account and receive the money in their bank account within 60 seconds. For other customers, the money will be available overnight on weekdays and overnight the following business day if approved on a weekend or public holiday.3
We use the information you provide in the online application form as well as information on your bank statements to make sure that you qualify for a loan product during our credit assessment. If you don't qualify, your application will be declined without a credit check being conducted.
Once we have verified that you meet our non-credit report-related criteria, we do perform a credit check as part of our credit assessment, where an inquiry will be left on your credit file.
We will never perform a credit check without your express consent, which you provide to us when you apply for a loan with Jacaranda Finance. We store your acknowledgement and consent for seven years, and it can be supplied on demand.
There are four credit reporting bodies that we may use to conduct a credit check:
- Equifax
- Experian
- illion
- Talefin
Review our Privacy Policy for more information.
A loan with Jacaranda Finance is a flexible option you can use to pay for some of life's biggest expenses: planned or unexpected.
Here are some of the most common reasons our customers take out a loan:
Need a hand?
Our customer service team are here to help.
If you have any questions, whether you're a new customer or an existing one - our friendly customer service team will be happy to help you. Our customer service team is 100% Australian-based in Brisbane: at Jacaranda, you speak to a real human being every time.